Global Capability Centres (GCCs) are on the rise in India, with several multinational corporations setting up their GCCs in cities like Bengaluru, Hyderabad, Chennai, Pune, Delhi-NCR, and Mumbai.
Global Capability CentresCommercial Real EstateIndiaMncsOffice SpaceReal Estate PuneAug 22, 2024
GCCs are centralized hubs that provide critical support functions to multinational corporations, including IT, finance, HR, and procurement.
India's cost competitiveness, availability of skilled talent, and favorable business environment make it an attractive destination for GCCs.
Cities like Bengaluru, Hyderabad, and Pune are witnessing a surge in demand for office space due to GCCs.
Estimates suggest that India will have over 1,500 GCCs by 2025.
The growth of GCCs is driving demand for commercial real estate, with increased demand for Grade A office space.
China's latest property support measures have boosted transactions in its biggest cities, but activity in smaller localities is struggling to get off the ground.
Nehru Nagar police arrest two individuals, including a fake real estate agent, for allegedly scamming 40 homebuyers in Mumbai.
Mumbai's real estate market demonstrated resilience in August 2024, with property registrations marking an 8% year-on-year increase. The total number of registrations climbed to 11,735, up from 10,902 in August 2023.
Mumbai: The Bombay High Court has recently suspended the provisional attachment by the Enforcement Directorate (ED) on multiple properties belonging to V Hotels in the city.
A Pune-based real estate firm lost a significant amount of Rs 24 lakh in a whale phishing attack, where cyber criminals impersonated the firm’s director’s father to manipulate an accounts staffer into making fraudulent transfers.
KL Rahul, the Indian cricketer, and veteran actor Suniel Shetty have jointly acquired a prime land parcel in Thane, Mumbai, for Rs 9.85 crore. The strategic investment highlights the growing interest in Thane's real estate sector.